John J Boland, dean and vice-president for research at Trinity College Dublin, gave this response to The Irish Times about the rankings,
The real competition is the rest of the world, and to have our top university ranked 78th in the world is simply not good enough for Ireland, our students or our ambition to become a leading- edge knowledge-driven economy.
Another Irish university that dropped in the rankings was University College Cork, which fell three places to 233rd.
At the top of the list, Massachusetts Institute of Technology managed to retain its number one spot, with Harvard moving up from 4th to 2nd. In joint third place are the University of Cambridge and Stanford.
Take a look below at the present top 10 ranked universities in the world:
You can find the full World University Rankings 2015/2016 here.